Enkei Wheels forms joint venture for aluminium recycling in India

Enkei Wheels (India) Limited entered into a joint venture agreement with Nikkei MC Aluminium Co. Ltd, Century Metal Recycling Limited, and Enkei Corporation to form a company for manufacturing and recycling aluminium alloys. The JV will have an authorized capital of INR 450 million.

“Purpose of entering into the agreement is to incorporate a private limited company (Joint Venture Company') with the main objects of manufacturing, importing/exporting, processing of primary and/or secondary metal, metal scrap recycling and selling of aluminium alloys in molten and ingot form.”marketscreener.com

• 1 source
• marketscreener.comEnkei Wheels Limited Enters into Joint Venture Agreement to Form Joint Venture Company with Nikkei Mc Aluminium Co. Ltd, Century Metal Recycling Limited and Enkei CorporationMarketScreenerNov 27, 2019

Summarized from public sources; check the original articles before acting on it.